Enjoy the Betfair and Bet365 Cash Out features

Enjoy the Betfair and Bet365 Cash Out features

Cash Out Feature Betfair
Written by James Martin on 08 Oct 2014

Take control over your bets with the Cash Out option! Learn more about this new betting promotion, offered by Betfair.com.au and Bet365.com.au

The Bet365 and Betfair online betting sites offer Australian punters the opportunity to manage their risks with the popular “Cash Out” option. This is a pretty cool feature that allows customers to take their winnings at any point before the market has closed, when a bet is in a winning position but still in danger of losing. Here is a quick overview of the betting promotion.

With Cash Out, you can easily lock in a potential profit or minimize your possible loss on a wide selection of sports betting markets. When this betting option is available, the Cash Out icon is displayed on your Bet Slip (near your selection) and you just have to hit the button to settle immediately your bet (click “Take” at Betfair and “Cash Out” at Bet365). The amount of the Cash Out offer can be higher (winning position) or lower (losing position) than your stake, based on your bet and the current odds.

Say you place a $20 wage on Novak Djokovic to win the Australian Open at the bet365 betting site and your bet is progressing well. The Serbian tennis player is just about to reach the final. However, you’re not 100% sure that he’s going to win the next game and prefer to lock in your profit. If the Cash Out option is available, Bet365 will offer you to take your winnings before the competition ends. If you accept the offer, you will receive instantly the Cash Out value into your betting account and the final outcome of the tournament will not affect the amount of money credited back to your account.

If you want to Cash Out your bet, keep in mind that:

  • Single and multiple bets are eligible.
  • The feature is not available for in-play betting in Australia.
  • If a market is suspended, the Cash Out option will not be available.
  • The Cash Out option is only available for a selection of sports market (and exclusively on Exchange markets at Betfair.com.au)
  • The Cash Out offer is calculated for each bet in real time, based on live prices movement.
  • Available on desktop and mobile.

It’s all up to you! You no longer have to wait for your bet to finish and can decide to settle it when you want. That’s a great alternative offered by two of the best Australian online betting sites in order to give you more control over your bets. So… cash out or not cash out?

Still some questions? Learn more about this feature with the Betfair "Cash Out" Educational video: